By Neville Basson & Marlida Jacobs August 2016
About us Trustco is a diversified listed financial services group that invests and operates in sustainable high growth assets in emerging markets. • Established in 1992 • JSE and NSX Listed • Headquarters in Namibia with operations in South Africa, Namibia and Mauritius
Group executive committee
Group overview
Group strategy Corporate acquisitions The group spends a fair amount of time and effort identifying new opportunities through integrated thinking. Businesses that are capable of a positive Product and business synergies incremental increase to earnings In isolation each business per share are considered with a contributes incrementally to view to potential synergetic profitability, but in concert, relationships within the group opportunities abound Increasing market share with innovation and digitalisation Efficiency, accessibility and customer service drive speed and impact when looking at reviewing the efficiency of existing businesses in the group
Our mission Our vision We provide efficient and dynamic service With our roots firmly in Namibia to our core industries, ensuring and our reach extended into the responsible and sustainable growth that rest of Africa and the emerging will have a positive impact on our society markets beyond, we seek to and our environment. We embrace generate above average growth technology to facilitate innovative and over time to create wealth for affordable solutions in each of our our shareholders, customers segments. We are accountable to all and employees while impacting stakeholders to deliver value and positively on society and our sustainable returns on their investments. planet. We value our employees and recognize their intellectual value and commitment as an important component of our success.
2015/2016 Highlights
Remuneration philosophy • Individual performance-related remuneration which positively influences and supports a high performing organization • Rewarding sustained and exceeded performance with extraordinary increases, bonuses, incentives and group equity • Non-financial rewards and recognition
Remuneration Mix • Short term cash incentives on sales 20 THOUSANDS 18 performance 18 • Quarterly performance and 16 retention incentive scheme 50% 14 cash portion paid out immediately and 50% in equity as a retention 12 tool 10 8,6 • A shares gift of N$ 50 000 8 purchased for each employee on 6 their 1 st year anniversary with the 4 company • 2 Long service incentives paid at 5 year intervals 0 Average salary ex benefits per employee • Minimum wage of N$3500 p/m 2010 2016 Benefits per month increased by N$ 6 800 per employee from 2010 to 2016
Policies & Benefits • • KPI based performance appraisals Extraordinary increases policy and annual increases • Increased workload and skills • Staff transport or transport allowance development policy after 1 year of service • Extended lunch hours for exercise • Training and skills development and fitness purposes programs A full stomach means a productive day of work
Staff Social Scheme Policy – Hospital cover – Dread disease cover – Disability and functional impairment cover – Life cover – Additional and extended sick leave – Paid maternity & paternity leave after 2 years of service – Birthday leave – Friday half days off after 1 year of service – Babbelas leave – Sabbatical leave – Corporate wellness program
Employee Engagement • Staff teambuilding sports • Cops & Crooks Friday games • Daily coffee table meetings • Staff involvement in CSI initiatives • Quarterly staff magazine • Men and Ladies teambuilding retreats • Company intranet
Employee Wellness • In-house clinic with registered nurse • Annual cancer prevention screening • Blood donation clinics • Free lunch for all employees • Annual exercise programs • Staff sport teams (Soccer, Netball & Volleyball) • Awareness campaigns on health and social topics
“ A salary will never make you rich ” Dr Quinton van Rooyen Trustco believes that it is imperative to include equity in employees’ compensation as a way to align their interests with the long-term success of the group and therefore creating real and sustainable long-term wealth for all.
Staff Equity Statistics • To date: 16.2 million shares allocated to staff, at a cost of N$ 36.5 million • Staff sales: 2.8 mil shares (17.7%) sold, at 175% profit • Remaining shares appreciated considerably: valued N$ 52 million • Current capital appreciation: 134% • Total dividends paid to staff N$1.1m
Where can you fit in?
Thank you for your time. You know where you want to work now, right? Send your CV to hr@tgh.na www.tgh.na
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